Bio-Refinery Technology Market

This report estimates the global bio-refinery technology market, in terms of market size. The market has been segmented by technology (Industrial Biotechnology, Physicochemical technology and Thermochemical Technology) and by region (Americas, Europe, Asia-Pacific, and the Middle East & Africa).

A bio-refinery is a facility that is used to convert biomass into fuels, power, heat and value-added chemicals. Most common biomass feedstock categories are forest residues and wood wastes, crop residues, energy crops, manure biogas, wastewater treatment biogas, and food processing residue. The bio-refinery concept is analogous to today's petroleum refinery, which produces multiple fuels and products from petroleum. Similarly various value added chemicals such as acetic acid, liquid fuels like bioethanol and biodegradable plastics can be produced from bio-refineries.

Depletion of natural resources especially fossil fuels has led to the growth in usage of bio-refineries. Liquid fuels like bioethanol can be mixed with gasoline to reduce the pollution caused by gasoline and to reduce the dependency on fossil fuels. Also, this helps conserve energy for future use. These multiple benefits and eco-friendliness of bio-refineries has led to the growth of bio-refinery technology market.

Various secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive commercial study of global bio-refinery technology market. The primary sources – experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of bio-refinery technology market. The major players of bio-refinery technology market are Renewable Energy Group Inc. (U.S.), Neste Oil OYJ (Finland), UOP LLC (Honeywell) (U.S.), Valero Energy Corp. (U.S.).

The report also touches upon various important aspects of the market. These include analysis of the value chain, supply chain, drivers, restraints, opportunities, challenges, Porter’s Five Forces model, and the competitive landscape. In addition to this, 10 key players of this market have also been profiled.